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China: Property developers boost land purchases

Posted on 12 September 2012

China’s major property developers are accelerating purchases of land parcels due to the recovery in the real estate market, at a time when local governments are eager to boost revenues.
Seven major real estate developers bought land parcels worth 8.87 billion yuan ($1.34 billion) in first- and second-tier cities from Sept 5 to 7, industry data showed………………………………………..Full Article: Source

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